Audio available in app
Decisions are bets on the future from "summary" of Thinking in Bets by Annie Duke
Thinking in bets means recognizing that there are exactly two things that determine how our lives turn out: the quality of our decisions and luck. Learning to recognize the difference between the two is what thinking in bets is all about. Decisions are bets on the future, and they aren't "right" or "wrong" based on whether they turn out well on any particular iteration. They are simply good or bad based on the information available at the time the decision was made. Embracing uncertainty and acknowledging that we can't predict the future with certainty is essential when thinking in bets. The goal is not to be perfect, but to be less wrong over time. We can't control outcomes, but we can control our decisions. A good decision is one that accurately reflects our beliefs about the future, even if those beliefs turn out to be mistaken. When we think in bets, we see decisions not as the final word, but as a starting point for learning. We c...
Similar Posts
Create a plan
To succeed at a high level, you must have a plan. A plan is essential because it gives direction to your efforts and helps you ...
Leaders must lead by example
Leading by example is a fundamental principle of leadership. Leaders must set the standard for their teams by demonstrating the...
Invest in your future self
Investing in your future self is one of the most important financial decisions you can make. It's about making choices today th...
Create a positive trading mindset
The key to achieving consistent success in trading lies in the development of a positive trading mindset. This mindset is chara...
Seek out diverse perspectives
To be truly successful, you must seek out diverse perspectives. This is not just a nice-to-have, it is a necessity. Why? Becaus...
Keep it simple, complexity is the enemy
Complexity is the enemy of execution. When you make things too complicated, the chances of getting things done diminish. That's...
Stay true to your core values and vision
As you build your business or pursue your goals, it's crucial to stay connected to what truly matters to you. Your core values ...
Start taking action towards building wealth today
The idea of building wealth is not merely about dreaming or wishing for it. It requires taking concrete actions towards that go...
Seek opportunities for career advancement and salary increases
In order to achieve financial independence, it is crucial to constantly seek new opportunities to advance in your career and in...
Strive for excellence in all you do
Striving for excellence in everything you do is about setting high standards for yourself and constantly pushing yourself to ac...